Odaily Planet Daily News Data shows that in 2024, Bitcoin has only 52% directional volatility with the Nasdaq index, and the 30-day correlation has dropped to 0.46, one of the lowest levels in the past five years. According to Fidelity data, the correlation between Bitcoin and the S&P 500 index is only 19%, performing the best in terms of Sharpe ratio among major asset classes. Since Trump won the U.S. election on November 6, Bitcoin has surged to a new high of over $93,000, while the Nasdaq index has fallen 4% from its historical peak. According to Glassnode data, Bitcoin's 30-day implied volatility has decreased from 100% in 2021 to approximately 60% currently. As the world's seventh-largest asset, Bitcoin is gradually breaking free from its correlation with traditional risk assets, demonstrating independent market performance. (Coindesk)

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